Intangible Assets, Net

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Intangible Assets, net

Intangible assets, net consist of the following:

		December 31,
	Estimated Life	2019			2018
Patent costs	1 - 18 years	$	5,291,245		$	4,991,460
Developed technology	5 years	9,800,000			2,600,000
In-process research and development	N/A	1,580,000			200,000
Customer base	7 years	700,000			100,000
Trade names	3 years	550,000			150,000
		17,921,245			8,041,460
Accumulated amortization		(7,726,768		)	(4,739,190		)
Intangible assets, net		$	10,194,477		$	3,302,270

Amortization for the years ended December 31, 2019 and 2018 was approximately $1.6 million and $0.4 million, respectively, and is included primarily in selling, general and administrative expense in our consolidated statements of operations.

Estimated aggregate amortization, based on the net value of intangible assets at December 31, 2019, for each of the next five years and beyond is as follows:

Year Ending December 31,
2020	$	1,640,851
2021	1,660,112
2022	1,509,418
2023	1,437,195
2024	1,247,195
2025 and beyond	2,699,706
	$	10,194,477

We did not recognize any intangible asset impairment charges during the years ended December 31, 2019 or 2018.